Mari Energies Limited explores for, produces, and sells hydrocarbons in Pakistan. The company is involved in exploration of natural gas, crude oil, condensate, and liquefied petroleum gas (LPG); and field development business. It also manages and operates Mari gas field located at Daharki, Sindh. In addition, the company provides 2D/3D seismic data acquisition, seismic data processing, gravity and magnetic survey, drilling, and mud logging services. Further, it supplies its gas to fertilizer manufacturers, power generation, and gas transmission... [
MARI — Mari Energies Limited
Sector: Oil & Gas Exploration Companies · Pakistan Stock Exchange
⚠ Prices: 6 Nov 2026 — PSX end-of-day close (feed fetched 23:14 PKT) · Fundamentals: public data collected 6 Nov 2026 · Not live prices.Summary — MARI
| Measure | Value |
|---|---|
| Price (Rs, 6 Nov — PSX delayed feed) | 651.98 |
| Change, 6 Nov session (delayed) | -0.66% |
| Volume (shares, 6 Nov session) | 346,693 |
| Market capitalisation | Rs 782.79 bn |
| Revenue (TTM) | Rs 154.31 bn |
| Price / Earnings (P/E) | 9.10 |
| Price / Book (P/B) | 2.44 |
| Dividend yield | 4.10% |
| Return on equity (ROE) | 29.20% |
| Net margin | 45.30% |
| Debt / Equity (as reported by source) | 5.10% |
| Revenue growth, 3-year | 9.60% |
Company Snapshot
| Paid-up Capital | Rs 12,006.23 mn |
| Authorized Capital | Rs 17,000.00 mn |
| Shares Outstanding | 1,200.62 mn |
| Free Float | 240.12 mn |
| Free Float % | 20.0 % |
| Face Value | Rs 10.00 |
| Fiscal Year End | June |
| Avg Volume (12M) | 878,226 |
| Book Value / Share | Rs. 268.59 (Upto 2026 4Q) |
| Total Book Value (computed) | Rs 322.47 bn |
Capital data: SCSTRADE company snapshot, collected 6 Nov 2026. Total Book Value is computed on this page as Book Value / Share × Shares Outstanding.
PSX Scorecard — five checks on this stock's own data
VALUE
4.5/6
FUTURE
6/6
PAST
6/6
HEALTH
6/6
DIVIDEND
5/6
Strongest: Future growth (6/6). Weakest: Value (4.5/6).
How this is scored
Scores are computed mechanically from the data on this page, 0–6 per axis, scaled over the checks that could be run — an axis with no data is labelled, never scored zero for missing data. VALUE: upside to the average analyst target (bands from +30% down), P/E and P/B below the sector median, yield above the sector median. FUTURE: S&P consensus forward EPS and revenue growth bands (only where estimates exist). PAST: revenue and EPS growth across the published financial history, latest year profitable, ROE bands. HEALTH: debt/equity bands, positive latest net margin, no loss-making year in the history. DIVIDEND: yield bands, years of recorded DPS, DPS trend, and payout (DPS ÷ EPS) at or under 100%. The full rule table is in the site's data inventory. Scores are a data summary, not a recommendation.
Performance — MARI
1W+3.2%
1M+3.9%
3M-0.2%
6M+3.0%
1Y-4.1%
Returns computed from daily closes to 05 Nov 2026 (Yahoo Finance PSX series, collected 6 Nov 2026); each bar is scaled to the largest move shown.
52-week range — daily-close series
52-week lowRs 545.88Now Rs 651.98
+19.4% above low · −12.0% below high52-week highRs 740.97
+19.4% above low · −12.0% below high52-week highRs 740.97
Day range — 6 Nov 2026 session
Day lowRs 648.51Close Rs 651.98Day highRs 659.50
Day high/low from the official PSX market-summary feed for the 6 Nov 2026 session.
Investment Case — MARI
Average analyst target vs current price
Average target Rs 766.62 vs current price Rs 651.98 — +17.6% upside to the average target.
Average of 2 targets (1 broker house + StockAnalysis consensus), latest per house. This is the named analysts' average, not a PSX Analysis fair-value estimate.
Strengths — from the numbers
- Revenue grew +75.6% across the published history, FY2022–FY2026 (Rs 83,135m → Rs 145,947m).
- Earnings per share grew +162.7% across the published history, FY2022–FY2026 (Rs 27.54 → Rs 72.36).
- Net margin improved to 59.53% in FY2026, from 39.77% in FY2022.
- Return on equity of 29.20% on the dataset's trailing figures.
- Debt/equity of 0.05 — below 1 (the source reports this figure as 5.10%).
- Dividends recorded in every one of the 5 years in the published record; latest DPS Rs 27.00 (2026), a dividend yield of 4.10% at the current price.
Risks / watch points — from the numbers
- Share price is down -4.1% over the past year on the chart series (2025-11-06 → 2026-11-05).
Recent performance — FY2026
| Revenue | Rs 145,947m (+3.2% vs FY2025) |
| Net income | Rs 86,878m (+32.9% vs FY2025) |
| EPS | Rs 72.36 (+32.9% vs FY2025) |
| Net margin | 59.53% |
Latest published fiscal year from the financial history below (StockAnalysis figures, collected 6 Nov 2026).
Generated from the figures above — PSX Analysis data summary, not investment advice.
Upcoming Result — Broker Forecasts
| House | Result period | Expected EPS | Expected dividend / share | Expected profit | Preview date |
|---|---|---|---|---|---|
| Intermarket Securities | 1QFY27 | Rs 16.18 | none expected | — | 15 Oct 2026 |
Source: Pakistan Market: IMS Universe Earnings Previews - Jul-Sep 2026. Collected 6 Nov 2026.
Expected Dividend — Broker Estimate
| House | Expected dividend / share | Expected yield |
|---|---|---|
| SCSTRADE (Standard Capital Securities) | Rs 27.00 | 4.14% |
House's published expected dividend, Upto 2026 3Q — SCSTRADE company snapshot, collected 7 Nov 2026.
Forecasts are the publishing houses' own estimates — not actual results and not PSX Analysis estimates.
Quotes — MARI
| Quote | Value |
|---|---|
| Last price (Rs) | 651.98 |
| Change, 6 Nov session | -0.66% |
| Day open, 6 Nov (Rs) | 650.00 |
| Day high, 6 Nov (Rs) | 659.50 |
| Day low, 6 Nov (Rs) | 648.51 |
| Previous close — LDCP (Rs) | 656.34 |
| Volume (shares, 6 Nov session) | 346,693 |
| Market capitalisation | Rs 782.79 bn |
| 1-year high (chart series, Rs) | 740.97 |
| 1-year low (chart series, Rs) | 545.88 |
| 1-year change (chart series) | -4.1% |
Day open/high/low and previous close (LDCP) are from the official PSX market-summary feed for the 6 Nov 2026 session, the same feed that supplies the closing price. 1-year figures are computed from the daily-close chart series below.
Last 10 trading sessions
| Date | Close (Rs) | Change |
|---|---|---|
| 05 Nov 2026 | 656.34 | -0.32% |
| 04 Nov 2026 | 658.42 | +0.42% |
| 03 Nov 2026 | 655.66 | +0.65% |
| 02 Nov 2026 | 651.40 | +3.15% |
| 30 Oct 2026 | 631.53 | -0.74% |
| 29 Oct 2026 | 636.22 | +1.03% |
| 28 Oct 2026 | 629.73 | -0.68% |
| 27 Oct 2026 | 634.03 | -0.18% |
| 26 Oct 2026 | 635.17 | +1.18% |
| 23 Oct 2026 | 627.78 | -0.70% |
Daily closes: Yahoo Finance PSX series, collected 6 Nov 2026. The series records closes only, so no volume column is shown.
Technical Chart — MARI
Loading chart…
Daily candles — Yahoo Finance daily data to 6 Nov 2026 · End-of-day, delayed — not real-time prices.
2024-11-06 → 2026-11-06 · +58.2% over the period · 514 trading days · Moving averages, RSI and MACD are computed in your browser from the same daily bars. Trend lines connect the two most recent swing highs/lows.
1-year returns compared
| 1-year price change | Change |
|---|---|
| MARI (this stock) | -4.1% |
| Sector median — Oil & Gas Exploration Companies (median of 4 stocks in our dataset) | +16.4% |
| All listed stocks median (median of 440 stocks in our dataset) | -6.2% |
Price change only (dividends not included), from the daily-close series above.
Technicals — MARI
Moving averages
| Average | Value (Rs) | Price vs average |
|---|---|---|
| MA20 — 20-session average | 637.09 | Price Above |
| MA50 — 50-session average | 643.04 | Price Above |
| MA200 — 200-session average | 651.25 | Price Above |
RSI (14) — 61.1 · Neutral
030 — oversold below70 — overbought above100
Wilder RSI(14) computed from the daily-close series. RSI is a momentum gauge, not a buy or sell signal.
Classic pivot levels — from the 6 Nov session
| Level | Rs |
|---|---|
| Resistance 2 (R2) | 664.32 |
| Resistance 1 (R1) | 658.15 |
| Pivot point (PP) | 653.33 |
| Support 1 (S1) | 647.16 |
| Support 2 (S2) | 642.34 |
Classic pivots from the 6 Nov 2026 session's high (Rs 659.50), low (Rs 648.51) and close (Rs 651.98) in the official PSX feed. The close sits below the pivot point.
Signals summary
| Reading | Status |
|---|---|
| Price vs MA20 | Above |
| Price vs MA50 | Above |
| Price vs MA200 | Above |
| RSI (14) zone | Neutral (61.1) |
| MACD vs signal line | Above |
| Short-term trend (MA20 vs MA50) | Down |
| Medium-term trend (MA50 vs MA200) | Down |
| Long-term trend (price vs MA200) | Up |
Trend labels compare the named averages (long-term compares the price with MA200); “Up” means the first-named sits above the second. Mechanical readings from daily closes — not investment advice.
Technicals are mechanical calculations on past prices. Based on daily closes to 05 Nov 2026. They describe momentum and recent trading ranges only — not investment advice.
Company — MARI
| Company | Mari Energies Limited |
| Symbol | MARI |
| Sector | Oil & Gas Exploration Companies |
| Market capitalisation | Rs 782.79 bn |
| Revenue (TTM) | Rs 154.31 bn |
Founded 1984 · Employees 1,191 — as published by StockAnalysis.
Company description: StockAnalysis company profile, collected 6 Nov 2026.
Exchange record: PSX company profile for MARI (Pakistan Stock Exchange data portal).
Financials — MARI
Revenue (TTM)
Rs 154,311m
Rs 154,311m
Net income (TTM)
Rs 92,636m
Rs 92,636m
EPS (TTM)
Rs 77.16
Rs 77.16
Net margin (TTM)
60.03%
60.03%
P/E
9.10
9.10
P/B
2.44
2.44
Dividend yield
4.10%
4.10%
ROE
29.20%
29.20%
Net margin
45.30%
45.30%
Debt / Equity
5.10%
5.10%
| Measure | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | FY2027 F |
|---|---|---|---|---|---|---|
| Revenue (Rs m) | 83,135 | 128,221 | 159,731 | 141,486 | 145,947 | 232,350 |
| Operating income (Rs m) | 50,248 | 77,209 | 101,532 | 77,862 | 78,186 | — |
| Net income (Rs m) | 33,063 | 56,129 | 77,288 | 65,369 | 86,878 | — |
| EPS (Rs) | 27.54 | 46.75 | 64.37 | 54.45 | 72.36 | 87.40 |
| Net margin | 39.77% | 43.77% | 48.39% | 46.20% | 59.53% | — |
| Dividend per share (Rs) | 13.78 | 16.33 | 25.78 | 21.70 | 27.00 | 28.00 |
Trailing twelve months (to Sep 30, 2026, not a completed fiscal year): Revenue Rs 154,311m · Net income Rs 92,636m · EPS Rs 77.16 · Net margin 60.03%.
Source: StockAnalysis financials, collected 6 Nov 2026 — this stock's published history here spans FY2022–FY2026 (5 fiscal years; the source table publishes a maximum of five completed years per stock). A dash means the source did not publish that figure for that year.
F = analyst consensus forecast — S&P Global estimates via StockAnalysis, collected 7 Nov 2026. Forecasts are estimates, not results. The source publishes forecast revenue, EPS and dividend per share only — no forecast operating income, net income or margin — so those cells are dashed.
Dividend History
| Dividend per share (Rs, per fiscal year) | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| DPS | 13.778 | 16.333 | 25.778 | 21.7 | 27 |
A dash means no dividend was recorded for that year in the source. Source: StockAnalysis dividend history, collected 6 Nov 2026.
All recorded dividend payments
Payments recorded since 2021 — StockAnalysis, collected 7 Nov 2026.
| Ex-dividend date | Dividend (Rs) | Pay date |
|---|---|---|
| Sep 21, 2026 | 18.700 | Sep 25, 2026 |
| Jan 30, 2026 | 8.300 | Feb 6, 2026 |
| Sep 18, 2025 | 21.700 | Sep 26, 2025 |
| Sep 16, 2024 | 134.000 | Sep 26, 2024 |
| Feb 2, 2024 | 10.889 | Feb 12, 2024 |
| Sep 18, 2023 | 6.444 | Sep 27, 2023 |
| Feb 2, 2023 | 9.889 | Feb 10, 2023 |
| Sep 20, 2022 | 6.889 | Sep 29, 2022 |
| Feb 2, 2022 | 6.889 | Feb 14, 2022 |
| Oct 15, 2021 | 8.333 | Nov 4, 2021 |
Payout ratio, FY2026: dividend per share Rs 27.00 ÷ EPS Rs 72.36 = 37.3% of earnings paid out as dividends.
Valuation & Fair Value — MARI
Broker Fair Value — average target price
Rs 766.62
Current price Rs 651.98 · +17.6% · verdict on the target-upside bands: Undervalued
Average of 2 target prices (1 broker house + StockAnalysis consensus), range Rs 742.00–791.25. See the Target Prices page for houses and dates. Targets are the houses' own estimates.
Each measure stands on its own stated basis — they are deliberately not blended into a single fair value. Mechanical estimates computed from published data; not investment advice.
Consensus — MARI
Analyst Forecasts — StockAnalysis / S&P Global consensus
Consensus rating: Buy · 6 analysts polled by S&P Global · Consensus price target: Rs 791.25 (range Rs 714.00 – Rs 935.00)
| Analyst estimate | FY2027 (E) |
|---|---|
| Revenue estimate (Rs m) | 232,350 |
| EPS estimate (Rs) | 87.40 |
| Dividend estimate (Rs/share) | 28.00 |
Analyst estimates — not our forecasts. This is the international S&P Global consensus republished by StockAnalysis (collected 7 Nov 2026); it is a different source from the Pakistani broker-house targets on the Broker Target Prices page. (E) = estimated future fiscal year.
Ratings — MARI
S&P Global consensus rating (via StockAnalysis): Buy — from 6 analysts.
| Broker house | Target (Rs) | Implied upside vs Rs 651.98 |
|---|---|---|
| Insight | 742.00 | +13.8% |
Latest published target per house. Full report dates, ratings and the houses' track record: Broker Target Prices. Targets are the houses' own estimates, not investment advice.
Calendar — MARI
| Ex-dividend date | Dividend (Rs) | Pay date | Status |
|---|---|---|---|
| Sep 21, 2026 | 18.700 | Sep 25, 2026 | Paid |
| Jan 30, 2026 | 8.300 | Feb 6, 2026 | Paid |
| Sep 18, 2025 | 21.700 | Sep 26, 2025 | Paid |
| Sep 16, 2024 | 134.000 | Sep 26, 2024 | Paid |
| Feb 2, 2024 | 10.889 | Feb 12, 2024 | Paid |
| Sep 18, 2023 | 6.444 | Sep 27, 2023 | Paid |
| Feb 2, 2023 | 9.889 | Feb 10, 2023 | Paid |
| Sep 20, 2022 | 6.889 | Sep 29, 2022 | Paid |
Dividend dates as recorded by StockAnalysis (collected 6 Nov 2026); past payments are labelled Paid. Market-closed days that affect settlement: PSX Holidays 2026 · more yields and payers on the dividend hub.
Sector — MARI
MARI ranks #2 by market capitalisation among the 4 listed Oil & Gas Exploration Companies stocks in our dataset. Full sector tables: Sectors.
FAQ — MARI
What is the current MARI share price?
Mari Energies Limited (MARI) last traded at Rs 651.98 in the 6 Nov 2026 session, -0.66% on the day. Prices on this page are the PSX end-of-day close from the official delayed feed, not live prices.
What is MARI's 52-week range?
Across the daily-close series (2025-11-06 to 2026-11-05), MARI traded between Rs 545.88 and Rs 740.97. The latest close in the series was Rs 656.34.
Which PSX sector is MARI in?
Mari Energies Limited (MARI) is classified in the Oil & Gas Exploration Companies sector on the Pakistan Stock Exchange.
What is the latest MARI dividend?
Total dividend per share for fiscal 2026 was Rs 27.00; the most recent recorded payment is Rs 18.70 per share (ex-date Sep 21, 2026, pay date Sep 25, 2026). Dividend history as recorded by StockAnalysis, collected 6 Nov 2026.
What are MARI's P/E ratio and dividend yield?
Mari Energies Limited (MARI) shows a P/E ratio of 9.10 and a dividend yield of 4.10% in the public data collected 6 Nov 2026.
Answers are generated from this page's own figures (public data collected 6 Nov 2026; prices are the 6 Nov 2026 PSX end-of-day close, not live).
Broker target prices: MARI is covered on our Broker Target Prices page — see the consensus range across Pakistan's big research houses and each house's own call, rating and report date.
Mari Energies Limited (MARI) is classified in the Oil & Gas Exploration Companies sector on the Pakistan Stock Exchange.
Every figure above comes from public listings collected on 6 November 2026 (StockAnalysis and SmartMoney, merged by symbol), with the price, change and volume refreshed on 6 Nov 2026 from the official PSX delayed market feed (end-of-day close, fetched 23:14 PKT) — delayed figures, not live prices. If this stock was absent from that feed, its price is the previous latest close. A dash means the measure was not published for this stock by the sources, not that it is zero. Compare MARI with the market's largest shares in the Top 250 screener, browse the whole market in Stocks A–Z, and read the ratios explainer in Learn.
This page is a data summary for education, not a recommendation to buy or sell MARI.